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Monday, 14 August 2017

Trading plan for 14/08/2017:

Trading plan for 14/08/2017: 
The Asian stock market starts the week with gains after no news regarding the US-North Korea conflict were published during the weekend. The Hang Seng rises slightly more than +1.0% while the Shanghai Composite added +0.85%. The yen and the franc stand out in the foreign exchange market, both of them posted the highest growth last week. Gold loses 0.3%, platinum falls by 0.75%. 
On Monday 14th of August, the event calendar is light with only the Industrial Production data from the Eurozone on tap. Nevertheless, there were some overnight data that might play a role today. The Retail Sales data from China were at 10.4% which can be considered as a healthy read, and the Industrial Production was at 6.4%. Positive figures came from Japan. Annualized GDP dynamics fell to 4% q/q (2.5% threshold).


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